Affordable houses
New Delhi- National Housing Bank (NHB) is planning to offer a special refinance scheme to mortgage lenders for loans to urban low-income housing groups to buy affordable houses. With this move, the housing finance regulator is likely to create a long-term market for fixed-rate housing loans and boost affordable housing. The new refinance scheme for [...] Continue Reading »
While the government of India forcing leading real estate developers to cater to the needs of buyers of economically weaker section (EWS) through developing affordable housing projects, the developers are concerned about the loss of incentives for being in the business of building affordable houses. Developers claim that there is no difference in the amount [...] Continue Reading »
Pune- The civic bodies are now able to get more funds intended for homes schemes for the weaker people. The Centre recommended to create a whole new fund scheme intended for low-income communities in order to purchase or construct house. The ministry of housing and urban poverty alleviation (HUPA) made a decision to up-date the [...] Continue Reading »
Housing demand in Khargar, Navi Mumbai, is largely being driven by the 1BHK and smaller sized 2BHK segment. More and more customers are demanding smaller units in the range of approximately Rs 30-35 lakh. City based developers have established a strong foothold in Khargar, by offering affordable flats. These developers are catering to the high [...] Continue Reading »
Shortage of lands seems to cease being a problem for building affordable houses in Ahmedabad. 790 acres of land acquired under Urban Land (Ceiling and Regulation) Act(ULCRA) for developing houses for the urban poor and middle class in Ahmedabad had been lying unutilised for decades and now authorities are planning to come up with housing [...] Continue Reading »
The Hiranandani Group is to construct low-cost affordable houses in Powai. The Bombay high court restrained the Hiranandani group from starting any construction in Powai. The Powai project has been under much controversy so far. Following a public interest litigation (PIL) alleging large scale violations by Hiranandani in building flats instead of affordable houses in [...] Continue Reading »
The Rajiv Awas Yojana was announced in the 2009 budget. It was a government initiative to improve the living conditions for the urban poor through the construction of houses in India for the so-called economically weaker sections (EWS). A critical part of the program, amounting to one-fourth of such projects, is developing rental accommodation. However [...] Continue Reading »
The government is planning to encourage the builders to construct more affordable housing projects in Delhi. The Government will raise both the subsidy given to developers, as well as the cost ceiling for construction of affordable apartments in Delhi. The Delhi government has planned to increase the subsidy (capital assistance) from the current Rs 50,000 [...] Continue Reading »
The Haryana Government has formulated a policy to provide affordable houses to the families living Below the Poverty Line (BPL). The Town and Country Planning department of Haryana has identified 10,000 plots which will be transferred to the Board throughout the State. And 4493 plots have already been taken over by the Housing Board Haryana. [...] Continue Reading »
The Pimpri Chinchwad New Township Development Authority (PCNTDA) long time ago had promised to provide acceptable percentage of affordable houses. Making way for affordable houses was it’s aim during year 1972. However, when rechecked for the same objective it was revealed that only partial percentage of affordable housing has been done. The authority was supposed [...] Continue Reading »
